Organisers announced the news on Facebook.com just weeks after the 2015 event finished in March (15), writing, "We're very sad to say that we've decided 2015 was the last year for Future Music Festival... It's been a difficult decision to make but in the end travelling the festival in its current form across Australia simply doesn't make financial sense anymore... We want to thank you all for your support over the years - we're grateful for all the unforgettable times we've shared together."

Festival partner Michael Gudinski explained that rising costs and falling ticket sales were the cause, telling the music.com.au, "The cost to physically stage the events has significantly increased, even in just two years. The fluctuating dollar also hasn't helped and the increasing popularity of EDM (electronic dance music) in the States has seen DJ fees escalating out of control."

Rapper Drake, The Prodigy and DJ Avicii performed at the 2015 festival, which was held in five Australian cities between February and March (15).

The Asian arm of the festival was scrapped last month (Mar15) due to a music licensing issue.